Large Lincoln Park / DePaul building built in 2007. This four unit building is comprised of 3 residential units and one 2 floor commercial unit. Residential units are rented between $3500-$3700 per month and feature 3 bedrooms / 2 baths with large living rooms and well-finished open kitchens. Building was built as condominiums, but held as apartment building since completed. Large first floor commercial space, with full finished basement built out with offices and bathrooms. Large common roof deck on building and private balconies for each unit. Tandem, outdoor, covered parking in rear of building. Income supports the asking price and there is potential to be converted to individual condominiums. Total annual income is $193,200. CAP Rate of 6.9% Gross Rent Multiplier 11.8.
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Listing information last updated on June 25th, 2019 at 8:37am CDT.